Envestnet - ENV Stock Forecast, Price & News

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Envestnet in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ENV shares.
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8 Wall Street analysts have issued 1 year target prices for Envestnet's stock. Their ENV share price forecasts range from $47.00 to $80.00. On average, they expect the company's stock price to reach $63.63 in the next year. This suggests a possible upside of 19.1% from the stock's current price.
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Envestnet's stock was trading at $61.70 on January 1st, 2023. Since then, ENV stock has decreased by 13.4% and is now trading at $53.41.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our ENV earnings forecast.

Envestnet, Inc. (NYSE:ENV) released its earnings results on Monday, November, 8th. The business services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.03. The business services provider earned $303.10 million during the quarter, compared to analyst estimates of $300.78 million. Envestnet had a positive trailing twelve-month return on equity of 6.63% and a negative net margin of 6.53%. The company's revenue for the quarter was up 20.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS.

ETFs with the largest weight of Envestnet (NYSE:ENV) stock in their portfolio include Global X FinTech ETF (FINX), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), SPDR S&P Software & Services ETF (XSW), Syntax Stratified MidCap ETF (SMDY), Nuveen ESG Small-Cap ETF (NUSC), iShares Russell 2000 Growth ETF (IWO), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and JPMorgan Market Expansion Enhanced Equity ETF (JMEE).

Envestnet updated its first quarter 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of $0.45-$0.45 for the period, compared to the consensus earnings per share estimate of $0.45. The company issued revenue guidance of $299.00 million-$302.00 million, compared to the consensus revenue estimate of $310.35 million.

44 employees have rated Envestnet Chief Executive Officer Bill Crager on Glassdoor.com. Bill Crager has an approval rating of 100% among the company's employees. This puts Bill Crager in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Envestnet investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Micron Technology (MU), Chipotle Mexican Grill (CMG), Crown Castle (CCI), Transocean (RIG), Alibaba Group (BABA) and Intel (INTC).

Envestnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Envestnet's stock is owned by a variety of retail and institutional investors. Top institutional investors include Earnest Partners LLC (2.99%), Brown Advisory Inc. (2.47%), Stephens Investment Management Group LLC (2.40%), Clearbridge Investments LLC (2.14%), Van Berkom & Associates Inc. (2.11%) and Geneva Capital Management LLC (1.93%). Insiders that own company stock include Anil Arora, Barry D Cooper, Brandon Thomas, Joshua Mayer, Matthew Majoros, Shelly O'brien, Stuart Depina and William Crager.
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Shares of ENV stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ENV stock can currently be purchased for approximately $53.41.

Envestnet (NYSE:ENV) has a market capitalization of $2.89 billion and generates $1.24 billion in revenue each year. The business services provider earns $-80,940,000.00 in net income (profit) each year or ($1.65) on an earnings per share basis.

The company employs 3,429 workers across the globe.

Envestnet's mailing address is 35 EAST WACKER DRIVE SUITE 2400, CHICAGO IL, 60601. The official website for the company is www.envestnet.com. The business services provider can be reached via phone at (312) 827-2800, via email at investor.relations@envestnet.com, or via fax at 312-827-2801.